Jack Dorsey says he's cutting nearly half of his staff — 4,000 jobs — at Block. Read the memo.

Tech Insider
Jack Dorsey, CEO of Block, at the Bitcoin 2021 Conference.
Jack Dorsey used Goose, Block's AI code editing tool, while creating his Bluetooth mesh messaging app Bitchat.

MARCO BELLO/AFP via Getty Images

  • Block lays off over 4,000 employees, cutting its workforce by nearly half, CEO Jack Dorsey said.
  • Jack Dorsey emphasized a shift toward smaller teams and intelligence tools at Block.
  • Read the lengthy post Dorsey shared about the cuts below.

Block is letting go o

Business

Warner Bros. Discovery's board says Paramount's latest offer is better than Netflix's. Here's what happens next.

Tech Insider
WBD Ellison
Warner Bros. Discovery's board of directors just said that David Ellison's Paramount Skydance has made a better offer than Netflix.

Aleksander Kalka/NurPhoto via Getty Images; Kristina Bumphrey/Variety via Getty Images

  • Warner Bros. Discovery's board said it thinks Paramount's latest offer is better than Netflix's.
  • Paramount raised its bid to $31 per share for all of WBD on Tuesday morning.
  • Netflix
Business

Meta sues advertisers in Brazil and China over 'celeb bait' scams

Engadget

Meta has sued the people and groups behind three scam operations that used images and deepfakes of celebrities to lure users to scam websites. According to the company, the three entities were based in China and Brazil and targeted people in the US, Japan and other countries. The ads promoted fraudulent investment schemes and fake health products.

Meta said that it had filed lawsuits against

Business

Hillary Clinton suggests the House Oversight Committee should subpoena Elon Musk in combative opening statement

Tech Insider
A view of the Chappaqua Performing Arts Center, where Hillary Clinton testified on Thursday
A view of the Chappaqua Performing Arts Center, where Hillary Clinton testified on Thursday

CHARLY TRIBALLEAU / AFP via Getty Images

  • Hillary Clinton is testifying in a congressional probe into Jeffrey Epstein.
  • In her opening statement, she blasted the process as "partisan political theater."
  • She also made a not-so-veiled reference to Elon Musk's plans to visit Epstein's island.

Hillary Clinton on

Politics, Business

Hillary and Bill Clinton have been married for over 50 years. Here's a timeline of their relationship.

Tech Insider
Bill Clinton and Hillary Clinton.
BOSTON - JULY 26: Former U.S. President Bill Clinton and his wife U.S. Senator Hillary Clinton (D-NY) take the stage on the first day of the Democratic National Convention July 26, 2004 in Boston, Massachusetts. Democratic presidential candidate U.S. Senator John Kerry (D-MA) is expected to accept his party's nomination later in the week.

Spencer Platt/Getty Images

  • Hillary and Bill Clinton met in
Politics, Politics, Business